Fraud on Finance

How Much Debt Do I Need to Have to File Bankruptcy?

Many people who could benefit from filing bankruptcy put off doing so because they aren’t sure if it’s a wise choice or they’re eligible. They may wonder if they have too much or not enough debt to make filing worthwhile. A relatively small amount of debt could lead to bankruptcy if you don’t have the income to cover minimum payments, and having a healthy income doesn’t mean that you can’t get into debt over your head. No matter the dollar amount you’re dealing with, if your bills have become unmanageable, it may be a good idea to begin researching bankruptcy.

Chapter 7

When we meet, we’ll discuss the basics of your situation and then we’ll conduct the means test to help us decide which chapter of bankruptcy might be the best fit for you. This calculation looks at your income, living expenses, debt, and assets to come up with your disposable income. If you do not have enough disposable income to pay off your debt, you pass the test and are eligible for a Chapter 7. This type of bankruptcy discharges most types of debts, specifically unsecured debts, and there are no limits on the amount

Tips on Finding a Bankruptcy Lawyer

Initially, it is quite hard to declare yourself bankrupt, and filing a bankruptcy is a much more complicated thing to do. You should think careful before filing this kind of record, since it will last for 7-10 years on ones record. This is one simple reason of a bankruptcy lawyer exist, to help you filing all necessary legal paperwork while there are other benefits that you can have from a bankruptcy lawyer service. Before you decide to retain a bankruptcy lawyer you must have some previous referral to have further insight about them.

This way you would know the competency of the lawyer that you need to handle your case. You could look some information from your family and friends who already had been in bankruptcy condition. If you think it’s quite embarrassing for you to share, do not hesitate to ask for some information to your state’s Attorney General Office as they will advise you for referral list of bankruptcy lawyers in your area.

This recommended lawyer should be able to give you a lot of alternative ways to handle your case. You can ask their advice at their first consultation which usually comes free.

Free Money Saving Auto and Home Loan Tips

Free Auto Loan Tips

The following tips should help increase your chances of getting a car loan at a better rate.

Tip #1 – If you just started a job (recently graduated from college) then wait 6 months to apply for your car loan.

Tip #2 – If you have currently have bad credit then repair it before applying for an auto loan.

Tip #3 – If you’ve recently moved then wait until you have lived at your new address for 6 months before applying for a loan.

Tips #4 – If you have had a previous auto loan or home mortgage on your credit report then your chances for a new loan improve greatly.

Tip #5 – Try and pay off all of your credit card balances or at least lower them. You may want to consider finding the best debt consolidation loans to erase all of your credit card bills. The bottom line is don’t keep a high debt load or credit card balances.

Tip #6 – You must have a stable job or occupation.

Tip #7 – Other examples of credit extended to you should appear on

Mortgage Loan Tips

Finding the right mortgage loan when purchasing a house can be very hard and frustrating. Especially, if it is your first time of taking a loan. Buying a house and taking a mortgage loan on the house is a big step for you since it involves a lot of risk. You probably don’t know what to do or where to go. Do not allow other people take advantage of you ignorance. Take the time to learn everything there is to know about mortgage loans. Here are some mortgage loan tips to guide you on what to do.

The very first step you need to take is to shop around for lending companies offering mortgage loans. You can do research in the internet or personally talk to people who are experts in the field. Check out not only three but more than six lending companies and get estimates or quotes from each company to be able to compare. Then as you get to know each company inquire about their interest rates both in fixed and adjustable, fees and services being offered. With all the

How to Get a 95% Home Loan for a Discharged Bankrupt

It is a widely held belief, that a discharged bankrupt can only apply for a home loan up to 80% of the value of the property, this is totally incorrect, there are lenders who will lend up to 95% of the value of the property, even if you have only been discharged for as little as one day.

You will need to be able to fund the cost of the LMI waiver fee, which at a borrowing level of 95% could be approximately 2% of the funds borrowed, this fee is charged in lieu of Lenders Mortgage Insurance, which is unavailable for borrowers who have been declared bankrupt.

So you would be wise to consider saving in the region of between 9% to 13% of the purchase price of the property, considering there may be transfer duty to pay as well.

Interest rates are an important consideration, they most certainly are not as low as those for people who do not have credit history problems, but the ability to switch to a lower rate is possible once 20% equity has been established in the property, subject to being discharged greater than two years.


Bad Credit Car Loan Tips for Consumers

You have just received a response from an auto loan company that your application has been declined. According to the lending officer, your loan proposal has been rejected because of your bad credit history or low credit score. The lending company you submitted loan application to only accepts customers with good credit rating and obviously, you did not meet the lender’s criteria. What can you do?

Subprime Car Loans for People with Bad Credit

If your credit score is below average, then you fall into the subprime category. Does that mean you cannot get the car financing you need? Not at all! Many lending companies in the market to offer to finance for the subprime market or consumers who are credit challenged. Even with bad credit, you can still get approved for a car loan but you need to find the right lender.

Do subprime car loans mean high rates and fees? Because of the greater risk involved, lenders may charge a little more on an interest rate for this type of loan. But that does not mean you should settle for an unreasonably high rate or unfair

Lawsuit Loan Services

Sometimes there comes a situation when you find yourself a plaintiff in a personal injury case. This may because you might have faced discrimination at the workplace, or fired from a job for an unjust reason. Other reasons can include your having to face the consequences of a medical malpractice or even injuries because of an automobile accident.

To compound this problem, you do not have the necessary finances to take your case to court and even if you do manage to find the services of a lawyer, you may not have sufficient funds to enable him to prepare a watertight case. With no solution in sight, you agree to an out-of-court settlement, which would mean accepting for compensation a lesser amount than what you would have got had you taken the case to its natural conclusion in a court of law. To solve this problem, you can seek Lawsuit Loan Services to bail you out of the difficult situation.

There are a handful of Lawsuit Loan Service companies who advance you the cash to fight your legal battles. Simply stated, they purchase a part of the settlement that

How to Recover From Filing For Bankruptcy

The Fastest Ways to Recover from a Bankruptcy

No one expects being in a financial bind (personally or business wise) that makes them have to file for bankruptcy. In the worse case scenario if you have to file for bankruptcy (whether it is chapter 7 or chapter 13) understand that it is not the end of the world. All you have to do is understand that there is a way to rebuild your finances back up to normal and eventually live life stress free again (at least in this situation).

Save, save, save!

The main key to recovering from a bankruptcy is beginning to save your money wisely. After a financial burden such as bankruptcy you will not only have to pay off your debt (which could include interest) in addition to daily living. Once you begin saving your money and budgeting correctly you will be able to pay off your debt while being able to pay current bills and other life necessities.

Re-adjust your lifestyle

This element goes hand in hand with the first step, which is to save your money. Although it may be a bit tough mentally to scale back

Getting a Good Bankruptcy Lawyer

There is nothing worse than having to file for bankruptcy. Bankruptcy is a very serious matter which can destroy the lives of many people and render them completely helpless. Before moving forward with this article it is important to describe bankruptcy and what it entails. Bankruptcy is also referred to as insolvency and is a legal state of being unable to repay debts owed to creditors.

Bankruptcy is applicable to both individuals and organizations. When bankruptcy happens to an organization, many creditors will normally file a bankruptcy petition in an effort to recover a portion of the money owed to them by the company or organization. This results in the organization seeking the services of a bankruptcy lawyer. A bankruptcy lawyer is someone who is conversant with bankruptcy law and will be able to defend you against the petition filed by the creditors. Bankruptcy lawyers are quite expensive and you will have to prove to them that you can pay them before securing their services.

Tips on how to hire a good bankruptcy lawyer?
The increase in bankruptcy petitions has resulted in an increase in demand for bankruptcy lawyers. This has led to an increase in

How Soon Can I File Again?

If you’ve been struggling with debt for a while, finally deciding to file bankruptcy can offer some relief and hope. It’s important to be strategic with the timing of filing your case in order to maximize the benefits and decrease the risk of needing to file again. Life can be unpredictable, even with the best planning, so sometimes people do need to file bankruptcy more than once in their lifetime. Bankruptcy law does allow for this, with some restrictions and guidelines.

Exploring New Options

If life circumstances have led you to more debt and you need to file an additional bankruptcy, we’ll need to get the facts of your previous case and current situation. If you previously filed a Chapter 7 and need to file a 7 again, you’ll need to wait eight years to do so. If you filed a Chapter 7 and now want to file a 13, you’ll need to wait four years.

After your first Chapter 13, you’ll need to wait two years to file a 13 again, but we’ll need to look closer at your circumstances before moving forward. If it’s been two to six years since your first 13,

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